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Judith Freedman Professor of Tax Law and Director of Legal Research Centre for Business Taxation Oxford University adds to the debate on the Guardian's 'Tax Gap' series on tax avoidance
In June 2003 I argued in The Tax Journal (see page 2 of Issue 695) for the introduction of a general anti-avoidance principle. The Editor said this needed an acronym — GAAP was no good as it had already been taken. So between us we came up with the slightly clumsy GANTIP. This was to distinguish it from a general anti-avoidance rule (GAAR) because the argument was for a principle and not a rule.
In this article I shall argue that much trouble would have been saved had we introduced a GANTIP then. Some...

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